Venture capital fund · 5 deals

Stage 2 Capital

Boston

Disclosed deals

Every published round Stage 2 Capital took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.

Company	Stage	Announced	Amount	Role	Alongside	Sources
Restoke	Seed	24 Sep 2024	$5.1m	Participant	Rampersand Mandalay VC Archangels BC Growth	Startup Daily, SmartCompany (Fri 31 Jan 2025), SmartCompany (Fri 27 Sep 2024), Forbes Australia, Mandalay VC portfolio, Mandalay VC portfolio, Rampersand portfolio
Vouch	Seed	1 Jun 2022	$8m	Lead	OIF Ventures Oji Udezue Rayn Ong	Startup Daily (Fri 3 Jun 2022), Our Innovation Fund, Startup Daily (Tue 31 May 2022), OIF Ventures portfolio
Arcade	Seed	5 Aug 2021	$4.5m	Lead	OIF Ventures	Our Innovation Fund (Thu 5 Aug 2021), Our Innovation Fund (Fri 9 Jul 2021), OIF Ventures portfolio
Enboarder	Series A	11 Apr 2021	$6.6m	Participant	Next Coast Ventures Greycroft	Startup Daily (Sun 11 Apr 2021), SmartCompany, Startup Daily (Wed 7 Apr 2021)
Enboarder	Series A	20 Jun 2019	$11.6m	Participant	Greycroft Next Coast Ventures	SmartCompany (Wed 7 Apr 2021), Our Innovation Fund, Startup Daily, SmartCompany (Wed 19 Jun 2019)

Portfolio

Companies Stage 2 Capital has backed in a published round, and companies whose existing shares it bought off another holder.

Company	First invested	Rounds	Led
Arcade	5 Aug 2021, Seed	1	1
Enboarder	20 Jun 2019, Series A	2	0
Restoke	24 Sep 2024, Seed	1	0
Vouch	1 Jun 2022, Seed	1	1

Funds

Fund closes reported for Stage 2 Capital, as distinct from the investments it has made.

Fund	Announced	Committed	Target	Close	Sources
No fund closes recorded for Stage 2 Capital yet.

Portfolio companies acquired

Companies Stage 2 Capital has backed that another company then bought. An exit for the holding, not a deal Stage 2 Capital did.

Company	Bought by	Kind	Announced	Price
No portfolio company of Stage 2 Capital is recorded as having been acquired.

Name	Role	Sources
Jay Po	MD	Startup Daily, Crunchbase News

Coverage

Stories naming Stage 2 Capital. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

7 deals

Six Aussie startups that raised $87.7 million this week

Roundup of six Australian funding rounds this week: InDebted, Evolt, Restoke.ai, Mary Technology, Matilda and Demtech.ai, with investors, amounts, InDebted's valuation and a secondary component for early backers and staff.

Also Australian FinTech·SmartCompany·Startup Daily·Australian FinTech·Fintech News Australia·Business News Australia

Unnamed stage $5.1m

Hospo-tech raises $5.1 million to save restaurants amid flailing industry

Australian hospitality-tech startup Restoke.ai has closed a $5.1 million round led by Rampersand, with Mandalay, Archangels, BC Growth and Stage2 Capital participating, to fund US expansion.

Forbes Australia Tue 24 Sep 2024 Mandalay VC Restoke Yo-Chi Archangels BC Growth Rampersand Stage 2 Capital Andrew Poesaste Assaf Stizki Ken Brand Timothy Hui

Also SmartCompany·SmartCompany·Startup Daily

Seed $8m

Our investment in Vouch

OIF Ventures' note explains why the fund co-led an $8m seed round in video-testimonial software maker Vouch with US-based Stage 2 Capital, profiling the product, founders and go-to-market model.

Also Startup Daily·Startup Daily

9 deals

BLAST OIF | Edition I

OIF Ventures' first portfolio newsletter: OIF Fund II closed above $100 million, plus recent raises at Go1, Circle In, Assignar, Arcade, Visionary Machines, Neara, Futurerent and Adventus.io.

Also OIF Ventures portfolio·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily

7 deals

The startup funding round: Blackbird backs cyber startup, Enboarder’s $6.6 million boost, and André Eikmeier’s bid to “save the f**king world”

Weekly funding roundup: Enboarder raises US$5 million, Rendr secures $2.1 million, Good Empire passes its crowdfunding minimum, Blackbird leads Cyble's US$4 million seed, and Uniphore lands a US$140 million Series D.

Also Startup Daily·Cut Through Venture·SmartCompany

Series A $6.6m

Your 90-second guide to the day in tech

Daily tech roundup: Google wins its long-running copyright case against Oracle; Facebook user data leaks online; and HR startup Enboarder banks a US$5 million series A2 round with Next Coast Ventures leading.